Essentially Home Loans Weblog

Many analysts in the financial industry are upset at the way many debt management firms are using high interest, increased repossessions, and insolvency rates to sell financial products, sometimes to consumers who do not need them.
This trend is growing as fast as the debt management industry itself. This is causing many people to avoid buying [...]

Analysts are suggesting that parents follow the government’s lead and educate their children in financial matters, to prevent them falling into financial difficulties in the future. Integral to success is the understanding of your credit report, says credit reference agency Callcredit
The plans of the Government to help school children tackle personal finance issues are a [...]

It comes in a simple brochure offering consumers “leading financial brands in one easy-to-use booklet”.   The brochure states it has “brought together some of the leading brands to help you get the deal that’s exactly right for you”.
“Confused about insurance? Worried about mortgages? Looking for a loan? Relax - it’s all here!”
Unfortunately, all the financial [...]

Despite current trends among first-time homeowners to take out interest-only mortgages and homeowner loans that exceed 25 year terms, homeowners are taking their mortgage repayment seriously, and working to become mortgage-free.
The total numbers of consumers who are increasing the payments made on their homeowner loans has been increasing over the last five years, according to [...]

BANKS are facing criticism after two more firms have posted their share of the £40bn profits earned in 2006.  The banks have recently reported record pre-tax profits, despite writing off record levels of bad debts.
Charity groups are angry that the banks are profiting from lending consumers debts they cannot afford, and then refusing to honour [...]

The Institute for Fiscal Studies recently announced increases in house prices and incomes have increased enough to prevent debt from causing serious, wide spread, insolvency problems.  They believe that the debt problem is most prevalent among society’s poorest.
Their report claims that many the low income families eventually turn to loan sharks for relief, because they [...]

Increasing numbers of homeowners are taking advantage of the rising house prices and relatively low interest rates to remortgage, or borrow secured loans, and consolidate their debts.
The rapid growth of personal debt and how people repay it is causing concern and raising debate. The Bank of England is concerned about the long-term effect of [...]

Bank of England’s Quarterly Bulletin said that borrowers in low income categories, with high loan debts, are struggling. Increasing utility cost, unemployment and shocks such as divorce are blamed for creating financial difficulties for 7.7 per cent of homeowners. The figures prompt fears that UK households another interest rate rises and higher utility bills may [...]